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ADB and IsDB ink landmark cofinancing agreement
16 September 2008
Landmark agreement looks to target infrastructure and utilities provision in selected countries.
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infrastructure utilities development cofinancing islamic agreement asia
The Asian Development Bank (ADB) and the Islamic Development Bank (IsDB) have signed a landmark cofinancing agreement, which will allow them to work together on projects in common member countries – Afghanistan, Azerbaijan, Bangladesh, Indonesia, Kazakhstan, Kyrgyz Republic, Maldives, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan.
The agreement calls on both institutions to provide up to $2 billion equivalent each over the next three...
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